Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-05-Speech-2-437-250"

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"I voted in favour of the report by Mr Schmidt. The proposal for a directive, which is based on the one on deposit guarantee schemes for the banks, amends the scheme for compensating investors in the event that intermediaries (investment firms and also credit institutions) become insolvent, by establishing a series of rules on sums guaranteed and contribution schemes. I regret that the distance between our positions means that agreement could not be reached at first reading, and so we now have to move on to a difficult second reading. I believe this sector too needs suitable regulation, harmonised throughout Europe, as soon as possible."@en1

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